The Swiss Bankers Association and Swiss Fintech Innovations work more closely together

The SBA and SFTI have signed a joint Memorandum of Understanding (MoU) aimed at close cooperation and structured exchange of information between the two associations. The aim is to promote the innovative strength of the Swiss financial centre. For example, the framework conditions for digital developments are to be designed in such a way that Switzerland can defend its leading global position. This will make an important contribution to maintaining the international competitiveness of the Swiss financial centre.

The SBA and SFTI have been working together very well for some time. In future, topics in the area of innovation will be coordinated and promoted in an even more targeted and structured manner on the basis of the agreed MoU. Already today, two thirds of financial service providers in Switzerland state that they have already entered into a partnership with a Fintech company, and more than 80 percent are planning such a cooperation. The mutual declaration of intent paves the way for this close integration of the financial centre players.

SFTI is seeking a similar cooperation with the Swiss Insurance Association (SVV).